Skanska to construct new office for Elkjop Company in Norway

Skanska has been awarded a contract to construct a new head office for Elkjøp, the largest retail trading company in the Nordic region, that sells home electronics and electrical household equipment. The new head office will be sited in Lørenskog on the outskirts of Oslo. Skanska is the prime contractor for the project that is valued at approximately SEK 110 million. The new head office, which also will house stores and storage space, will have a total floor area of approximately 14,500 square meters. Construction will begin this month and will be completed in the autumn of 1999. Danderyd, July 9, 1998 SKANSKA AB Group Corporate Communications For further information, contact Gunnar Bøyum, President, Skanska AS (Norway), Tel +47 229 945 00. This and previous releases are also available on www.skanska.com